Investing.com investing.com 04 Jan, 2021 21:45 am

Gold Jumps 3% in Rock Star Start for 2021 By Investing.com

Gold Jumps 3% in Rock Star Start for 2021 By Investing.com
Gold Jumps 3% in Rock Star Start for 2021

“Out of 1944 votes cast, 1,646 participants, or 84%, said they saw gold prices over $2,000 an ounce by the end of next year,” Kitco said, breaking down the survey, which it published on Friday.“The average price of all the votes cast calls for gold prices to push above $2,300 an ounce,” the bullion trader added.“The biggest bloc of voters, 266, or 14%, called for gold prices to trade between $2,500 and $2,600 an ounce.Speculation since last week that Biden’s party could triumph in Georgia, however, continued into the first trading day of the new year, sending gold futures up almost 3% or more than $50 an ounce — their most in a day since April — to mid-$1,900 levels not seen since November.

gold futures for February delivery on Comex settled up $51.Gold futures hit a record high of nearly $2,090 in August and finished 2020 up 21%.

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